According to the Sentiment Index survey conducted by Knight Frank recently, the Indian real estate sector has expressed optimism in the first quarter of 2019. The implementation of the Real Estate (Regulation and Development) Act (RERA), 2016, exemption of inventory tax from one to two years in the Annual Union Budget of 2019 and rationalisation of Goods and Services Tax (GST) are some of the major factors that have enhanced the current stakeholder sentiments. The current sentiment score has inched five points upwards from the preceding quarter and remained positive during the first quarter of the new calendar year.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.